In a balanced environment, Intel’s new chips are driven by a high-performance miner that can deliver up to 40 TH/s.
Intel Corporation, the world’s largest computer chip manufacturer, has revealed details of a new mining chip that will be paired with a high-performance 3,600-watt miner with the purpose of increasing Bitcoin (BTC) mining efficiency.
During the IEEE International Solid-State Circuits Conference (ISSCC) 2022, a conference dedicated to the electronics and chip manufacturing industries, Intel unveiled their second-generation BTC mining rig.
Bonanza Mine (BMZ2) is a low-voltage, energy-efficient Bitcoin mining ASIC that can provide 40 terahashes per second (TH/s), according to the firm.
Intel filed a patent in November 2018 for “high-performance Bitcoin mining,” which claimed a 15 percent reduction in overall power consumption. At the time, Intel executives expressed confidence in competing against established companies such as Bitmain, MicroBT, and Nvidia:
“Intel has been working on SHA 256 optimised ASIC design for some years, starting with pathfinding research in Intel Labs.”
Over 300 chips, powered by a 3,600W miner, are projected to work together to deliver up to 40 TH/s in a balanced environment in the BMZ2 chips.
Intel’s next-generation BTC miner will be capable of delivering a balanced performance of 40.4 TH/s while consuming only 2,293W of power, resulting in a low energy usage of 56.97 joules per terahash (J/TH). The Antminer S19j ASIC Bitcoin miner consumes 3,100W to deliver up to 90 TH/s at room temperature, resulting in a 34.5 J/TH efficiency when compared to Bitmain’s hardware.
Furthermore, the hardware will be able to operate in high-performance and power-saving modes to maximise the energy-cost ratio across a range of mining efficiencies.
Intel has yet to declare a debut date for the second-generation mining equipment, as well as the technical specifications.
The Bitcoin network’s mining difficulty continues to rise, indicating that the network is becoming more resilient to attacks.
Bitcoin had a hash rate of 248.11 exahashes per second (EH/s) at its peak on February 13, up 31.69 percent from 188.40 EH/s in just one day.
With the rise in hash rate, BTC mining equipment must improve in order to give more performance while using the same amount of energy.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.